Kresge Foundation

Kresge Foundation

(krĕs`kē), fund established (1924) by retail chain store owner Sebastian S. Kresge (1867–1966) as a broad-purpose philanthropic institution. The foundation describes its policy as "to favor grants providing for the maintenance, expansion, or perpetuation of existing organizations over grants which look to the establishment or initiating of new organizations or experimental projects." Prior to the middle 1960s the foundation gave most of its support to colleges and universities, hospitals, religious institutions, and child welfare agencies in Michigan and the Northeast. Since then, however, there has been a wider geographic distribution of grants and a decrease in support to religious programs. Most assistance goes to the construction and maintenance of buildings or other major capital equipment. Given an initial endowment of $1.3 million, in 1998 the foundation had assets totaling $2.1 billion.
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Washington DC, DC, July 18, 2019 --(PR.com)-- Mary's Center is proud to announce that the Kresge Foundation has selected their organization for the second cohort of its national Next Generation Initiative.
The Thurgood Marshall College Fund received a $500,500 planning grant from the Kresge Foundation to develop a pilot program plan to facilitate college completion for students from historically Black colleges and universities (HBCUs).
Philanthropic organizations like the Kresge Foundation and the Robert Wood Johnson Foundation (RWJF) are important catalysts to this effort through their respective Human Services Ecosystems and Culture of Health efforts.
He received the 2011 Kresge Foundation Eminent Artist award.
The Kresge Foundation, a Michigan-based private philanthropic foundation, and Reinvestment Fund, a community development financial institution, also invested.
Published with funding from the California Department of Public Health and the Kresge Foundation, the 376-page guide discusses what local health departments can do to integrate climate change and health equity into work such as surveillance, community engagement, education, health communications and preparedness.
"Part of the grant stipulation from the Kresge Foundation was that the building be LEED certified."
Carol Coletta, a senior fellow at The Kresge Foundation in Detroit will be the new president and chief executive officer of The Riverfront Development Corporation (RDC) in Memphis, Tenn.
Other foundations honored were the Bill and Melinda Gates Foundation, Kresge Foundation and JP Morgan Chase Foundation.
Produced with the support and guidance of the Kresge Foundation, the report shows that guarantees enable investors to gain experience in a new sector, help prove the viability of a business model that generates social impact or facilitate access to capital at favorable terms for nonprofits.
It seized upon the discount model on the bones of its Kresge foundation and rolled out the concept on a national basis bigger, better and faster than anybody else.